- The Supreme Administrative Court (NSA) ruled that the paid acquisition of receivables through assignment is not considered a service under VAT law.
- The difference between the market value of acquired non-due receivables and their nominal value does not constitute remuneration for services.
- The case arose from a tax interpretation regarding VAT on the paid acquisition of receivables.
- The Director of the National Tax Information stated that the position of the limited partnership was incorrect.
- The company enters into a definitive assignment agreement with the assignor, transferring existing and future claims along with associated rights.
- The assignee (the company) accepts the receivables for collection, either judicially or extrajudicially.
- The assignor sells the receivables for an agreed amount, and the assignee commits to transferring this amount to the assignor’s bank account.
- No additional remuneration is provided to the assignor after the acquisition of the receivables.
- The purchase price of the receivables is always lower than their nominal value.
- Acquired receivables include the main claim, interest from the lender, and legal costs if applicable.
- The assignee enforces the acquired receivables directly from the borrower or through court proceedings.
- At the time of acquisition, the receivables are due but not recognized by the debtor, requiring judicial confirmation.
- The assignee does not resell the receivables; they are purchased solely for enforcement purposes.
- The purchase price is negotiated based on the likelihood of repayment, reflecting the economic value of the receivables.
Source: prawo.pl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
